Cuban's a smart guy. If he passes and then he sees a guy like O'Leary (who only goes for sure money) and Robert (never offers so this must be a lock), he's smart enough to re-evaluate and then jump back in.

Plus, he can get stuff at a discount because of his image. So props to Cuban for getting the ramen deal. Well played sir!

Kinda shocked Hamboard got such a plum deal. They don't have a utility patent on the truck modifications that make those boards different from regular skateboards? Is that because someone else holds that patent? If so, litigation time bomb.

That screen mend idea is brilliant, unless that too ends up being patented. Doubt Lori is worth the extra 25% equity. Do they really think Mark fkn Cuban (or whoever he puts on their case) can't get their product into stores?

Knew it lol. So obvious the belt guy was going to kill, IDK how the sharks weren't fighting over him.

Thought this episode was pretty awesome.

Love it when Mark gives sympathy deals bc he doesn't GAF about the money. I totally understand their logic in going with Lori though, they saw Mark's offer as the sympathy deal it was and probably guessed (maybe incorrectly) that he wouldn't put in nearly as much as Lori would, especially when being motivated by a bigger piece of the pie. They probably could have got both though if they would have just came back and said they would do 50% with each shark getting 25 (which I think was what Lori was initially offering to mark).

Skateboard guys seem like they need to get their costs wayyyy down.

Scan guy thought he was a little too cool doing the flip flop thing trying to be like Zuckerburg or something. Kinda agree with Daymond that he didn't really need the money and was just there for the publicity. I wasn't even inspired enough to take 2 seconds to download his product so I have doubts about how well it will do despite the impressive numbers of users.

I thought that scan product was a joke the whole pitch.

Window family clearly thought Mark was going to put in little effort. It was a loan and not a business deal.

i think she was willing to do the work + she has qvc where these things will sell like hotcakes . (maybe even infomercials) , i dont see mark doing all that .

re : the scan code guy , his endgame is probably be able to sell to one of the big companies like google , and im sure he'll be able to do that for a good price ., not sure why mark didnt jump all over it .

The scan guy has watched the Social Network way too many times. The flip-flops and the screen with the number of downloads were cringe worthy

If you had a product, it would be so +EV to come in there with kids who invented it and tell a cute story. Seems like half the time you might get Robert and maybe 20% of the time Mark. That said Lorie will get that product to sell for sure.

I think the scanning dude's company will get multiple offers just from the exposure the episode gave them. I also don't doubt that he'll be very rich in under 5 years.

Can somebody explain to me like I'm a 5 year old why the scan product is better than competitors, how he'll monetize sustainably, and how he'll maintain that competitive advantage?

If that screen mending thing is legit I don't see why the sharks wouldn't fight over just the chance to have the patents for it.

no worries, we are all puzzled...

Very good episode -- best episode of the season so far for sure.

I don't know why Scan went on SharkTank. I assume just because he wanted to be on TV. But there was close to zero chance of any of the sharks ever investing. O'Leary can't afford it, Herjavec is way too nitty to even consider the idea, Lori isn't dumb enough to try to be a VC, Daymond doesn't know the space. That leaves Cuban, and that's not really his space either. I guess it all depends on how much equity Garrett Gee had to give to Mark Burnett/ABC in order to get on TV.

As to people denigrating the guy's flip-flops...you understand how tech startup founders are, right? More power to him.

The Lori @ 50% vs Mark @ 25% is very interesting. Lori at 50% is probably the right play for those entrepreneurs. I imagine Mark was very clear that he was going to give them the money, but that's it. He doesn't have expertise or time to offer. They can use both, so they went with Lori. Much less upside, but so much more likely that they see a payout. Even so i bet most people take Mark's offer.

Hamboard -- interesting product. Not really unique, except maybe for the standup paddleboard aspect. I would at least go to due diligence on that deal. Seems like one of those things that very easily could take off, but also is likely to eventually get you your money back (even if it takes awhile and the IRR isn't great).

Radio guy was interesting but if there were enough numbers to determine whether it could be a good investment, I didn't hear them.

Just found Garrett Gee's AMA where he says "In the past [Burnett/ABC] have automatically taken some equity. Not anymore though"

Yeah it's an option for them to take equity, but AFAIK they do not. I think we discussed and did some investigating ITT a season or two ago.

this. I don't think he did a good job of explaining how he'll monetize the business. I'd like to see some general numbers on how effective these kind of social media gimmicks are for companies. Back in the day I downloaded Red Laser because I thought it was a great idea, but after using it once or twice I switched right back to looking up products on amazon and google searches. I'm in agreement the kid took the whole laid back thing too far by wearing flip-flops.

The screen pitch is a good idea. I couldn't help but wonder if the adhesive would make insects stick to the mended patch, especially in the summer months.

You gotta like Mark Cuban trying to help some young entrepreneurs out with the screen thing but yeah, Lori was the better deal for them because she will do the work and they will be able to learn by seeing her work.

The only negative with the deal is the 50%. I would not give Lori 50% of the company. Only 49%! I simply do not trust her.

The scan thing confused me. I would be scared to put money into the thing since the kid had no idea what he was pitching. They kept asking, how will you make money and he kept throwing empty words at them.

Very impressed with getting tons of hits but I think it's a product that will be dead in a few years and the kid is sadly blind to that.

You guys are being harsh on Scan. They've raised $9M from some of the biggest names in the Valley, including Google Ventures, Menlo, Charles River, Naval, etc. They've built a product that has gotten amazing traction.

Sure, they don't have an obvious path to profitability. Neither do most tech startups in the last 15 years. There's a whole list of people that have gotten really rich by building a great product and then selling it to a big company, without ever having a plan for profitability. Tumblr, YouTube, Instagram, Waze, etc etc

Some of the program's editing made Scan look bad. But notice how complimentary all the Sharks were when he left. It's not necessarily that any of them thought it was a bad investment, just that it was a bad investment for them.

I did notice the sharks were all impressed. I just wish I knew what was so special about his idea and why it's potentially valuable to a company like Google.

Anyone used Scan on iOS? I can't find it on Android.

I also don't understand why it takes $9M to make an app. I, along with everyone else in the world, know a guy that can make some pretty nice apps for very little.

It wasn't the fact that he was wearing flip flops as much as it just seemed in congruent. Zuckerburg would wear pajamas or whatever to VC meetings because he legitimately didn't give a **** what anyone thought and knew he was basically holding the stone nuts with faceboook.

This kid just struck me as wearing the flip flops to be cool and give the impression that he didn't care what they thought but it seemed to me that he very much did care and very much wanted the sharks to like him and his idea.

I guess it basically comes down to: wearing the flip flops is cool if he has the sharks fighting over him and giving him a deal, but when he walks out without a deal he just comes off looking like a bit of a tool imo.

imagine all the info google can get from 51 million users , google can make suggestions on what to buy based on what you scan + user data would be incredibly valuable to them especially for ad-based stuff they do .

With every minute of the show I like Cuban and Barbara more and more.
1st pitch was tilting but I absolutely loved the rest.
Old goat guy was the GOAT

cuban has so much money he just doesnt give a ****.

btw, I dont get these guys saying they dont have enough time. All they'll do is pass it off to their PMs to run the investment

lori pretty much raped the first company , she basically gave them a 600k loan for 9 percent of their business .

i think the goat business would have been more interesting if they had wanted to expand the existing business instead of promoting that other guy's website .

Each app will have different requirements. This one will have to have a much bigger cloud layer storing all the information from scans. Populating the data is costly. Developers are expensive to continue to grow and maintain it. Sales is expensive. $9M is peanuts for business expenses, rather than some random Russian dude off ODesk.

I knew I'd seen that Asian female doctor somewhere before. Indeed, she was a recent contestant on Survivor.